Forrester Research (NASDAQ:FORR) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Forrester Research, Inc. (NASDAQ:FORR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.74 and traded as high as $7.03. Forrester Research shares last traded at $6.84, with a volume of 83,056 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FORR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a research note on Friday, March 27th. Wall Street Zen cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Forrester Research Trading Up 0.1%

The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company’s fifty day moving average is $6.28 and its 200-day moving average is $6.74. The stock has a market cap of $132.76 million, a PE ratio of -2.42, a PEG ratio of 1.30 and a beta of 1.02.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, May 6th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16). The business had revenue of $85.45 million for the quarter, compared to analysts’ expectations of $83.28 million. Forrester Research had a positive return on equity of 6.65% and a negative net margin of 13.74%.Forrester Research has set its FY 2026 guidance at 0.720-0.820 EPS. On average, analysts predict that Forrester Research, Inc. will post 0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in Forrester Research by 402.0% during the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock valued at $66,000 after acquiring an additional 4,957 shares in the last quarter. Strs Ohio purchased a new position in Forrester Research in the fourth quarter valued at $90,000. Inscription Capital LLC acquired a new position in shares of Forrester Research in the fourth quarter worth about $91,000. Occudo Quantitative Strategies LP acquired a new position in shares of Forrester Research in the fourth quarter worth about $93,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Forrester Research in the fourth quarter worth about $93,000. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

Forrester Research Company Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.